Porsche SE acquires PTV Group

Logistics software provider Planung Transport Verkehr AG (PTV Group) has been acquired by Porsche Automobil Holding SE (Porsche SE) in a deal worth more than €300 million ($450 million).
PTV Group develops software and provides expertise for transport planning and logistics. The acquisition is part of a long-term investment strategy and Porsche SE reportedly considerable growth potential in the optimisation of the flow of people and goods.
Vincent Kobesen, CEO, PTV Group, said, “We have now found the right strategic investor for our company. This allows us to remain independent and helps us reach our ambitious goals for the upcoming years.”
Those goals includes growth in new markets – over 2,500 cities already use PTV products, including many Australian cities. On a daily basis, over one million vehicles in Australia and around the world make transport runs planned with PTV.
PTV Group’s management team will continue to manage business operations to prepare for further anticipated growth.

Leave a Reply

©2019 All Rights Reserved. MHD Magazine is a registered trademark of Prime Creative Media.